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E-commerce giant Amazon invests in Turkey

Posted on 23 December 2011

22 December 2011, Istanbul – Amazon the US e-commerce giant has entered the Turkish market and acquired a interest in Ciceksepeti.com a Turkish online flower delivery company. Emre Aydin the General Manager of Ciceksepeti.com said “Amazon’s lead in technology and online marketing will be beneficial for our growth in 2012” adding “Cash injection aside, technology transfer and know-how will contribute significantly to our operations”. With Turkish e-commerce volumes reaching over 10 billion USD in the first 11 months of 2011, Amazon are one of the growing number of foreign investors taking stakes in a range of e-commerce private shopping clubs, group shopping and blog/media service providers in Turkey. Source: Invest in Turkey

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